EUR USD, "Euro vs US Dollar"
Eurodollar has formed two descending impulses and the correction, and right now is forming a consolidation channel on the top of this correction. We think, today, the price may continue falling towards 1.0922. An alternative scenario implies that the market may reach a new top at 1.1240 and then continue falling inside the downtrend.
GBP USD, "Great Britain Pound vs US Dollar"
Pound has formed only two descending impulses. We think, today, the price may form the third one to reach 1.5532, thus forming a new consolidation channel. If the market breaks this channel downwards, it may continue falling inside the downtrend towards 1.5240; if upwards (an alternative scenario) – grow to reach 1.5688.
USD JPY, "US Dollar vs Japanese Yen"
Yen has formed two ascending impulses and right now is also consolidating. If the market breaks this consolidation channel downwards (an alternative scenario), it may continue the current correction towards 123.00; if upwards (the main scenario) – grow to reach the target at 125.45.
